At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
People sometimes refer to Chapter 13 bankruptcy as a wage earner’s plan. That nickname comes from the mandatory repayment plan. A filer must meet with the court-appointed bankruptcy trustee and representatives from their creditors to work out an arrangement for paying...
Medical emergencies often happen without warning, and the bills that follow can quickly become overwhelming. Even people with health insurance may find themselves struggling with expenses they never even expected. When medical debt starts to pile up, it can affect...
Sometimes, a car may mean much more than getting from one place to another. It might help you earn a living, take your children to school or attend medical appointments. When your daily routine depends on that vehicle, Chapter 7 bankruptcy could make the risk of...
Life events, such as unexpected illness or injury, can have significant effects on a person’s life. One of the areas that it can affect is finances. Medical debt can grow quickly, even if the person has insurance. Hospital stays, emergency room visits, specialist care...
Facing a potential vehicle repossession creates intense pressure when you rely on your car to get to work every day. You must realize that lenders in Tennessee and Arkansas do not have to give you advance warning before they seize your vehicle. A repossession...
Chapter 7 bankruptcy is the fastest way for individuals, married couples and businesses to discharge unsecured debts. When the process moves forward without any significant complications, filers can often complete Chapter 7 bankruptcy in less than half a year. Unlike...
For couples facing both financial strain and marital problems, the question of whether to file for bankruptcy before divorcing – or separately in the wake of a finalized settlement – can be very important. In some cases, filing jointly for bankruptcy before ending...
Financial hardship can place enormous pressure on families, especially when debt and child support obligations coexist. Many parents wonder whether filing for bankruptcy will eliminate or reduce their child support responsibilities. Understanding how bankruptcy...
Money problems can build up fast. A few missed payments can turn into collection calls, lawsuits and wage garnishment. As pressure grows, looking into Chapter 7 bankruptcy in Tennessee often brings one key question to the surface — what debts actually go away? The...
Many people who file for bankruptcy only do so once, but there are those who may want to use the process multiple times. You could find yourself wondering how often you are allowed to file or how long you need to wait after a previous filing. The truth is that it...